INDIANAPOLIS-The addition of about 12 million more assets to themarket indicates that the US home prices would continue to decreasefor another three years. According to analytical firms, the supplyof properties in foreclosure or default called "shadow inventory"is averting the home prices to reach the bottom since 2006.
The pre-owned and new home sales reached the record-low levelsin July due the expiration of federal tax credit and the US joblessrate reached a 26-year peak. For the full story, go toIndy Star.
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